The review finds that there is evidence of benefits following IFRS adoption in relation to financial reporting transparency and comparability, the cost of capital, market liquidity, corporate investment efficiency and cross-border capital flows. However, the evidence on some of these matters is disputed and it is unclear how far the benefits identified are attributable to the adoption of IFRS or to other concurrent institutional changes. The paper also considers the problems of interpreting the research and drawing conclusions from it for policy making purposes.
ICAEW: The Effects of Mandatory IFRS Adoption in the EU: A Review of Empirical Research
14 de mayo de 2015 | Actualidad